The second silver Oyster Perpetual 28, priced for its wear.

The Oyster Perpetual is the Rolex with nothing added: the Oyster case, the Perpetual rotor, a smooth bezel, no date, a Superlative Chronometer inside. Rolex makes it in 28, 31, 34, 36 and 41mm, and pre-owned it is the least expensive way to a Rolex that says Oyster Perpetual on the dial, which is why the small sizes on this page cost what a Datejust does.

Rebag’s two silver OP 28s on this page are the same watch with the same box and card; this one costs less because its grade notes crystal scratches and dings on the case and band. On a watch this small a ding on the bracelet is visible, and a scratched crystal is a Rolex service item, so ask for close-ups and decide whether the saving covers it.

Rebag gives the case at 28mm and 11mm high, the band at 14mm, a wrist size of about 6 inches, the band and case as stainless steel, the dial colour as silver, an automatic movement with a screw-down crown, a dated warranty card and the box as included, and the condition as Very Good with light crystal scratches, wear and minor dings, and no reference. The smooth bezel, silver baton dial and Oyster bracelet are from the photograph. The 276200 match and its calibre are Rolex’s published figures for the reference it appears to be.

Rebag authenticates in-house and is not a Rolex authorised dealer, and Amazon adds its 30-day return window. Ask for the reference and the serial, whether the removed links come with it, and when it was last serviced. Nothing here was measured on the watch.

This unit is sold by Rebag through Amazon Luxury Stores, authenticated by the seller with Amazon’s 30-day return window on top; it is one piece, and when it sells the listing goes away, so the second button opens the live search for 28mm Oyster Perpetuals.

Steel Oyster Perpetuals have resold close to what pre-owned buyers paid, sometimes more, sometimes less; that is a pattern, not a promise, and nothing here is investment advice.